Defined Contribution Pensions

This is a great solution for any low value Defined Contribution enquiries, that do not meet your criteria.

We provide you with a trusted route to help these clients receive financial advice, whilst allowing you to earn 25% of our fee.

It takes just 2 minutes to submit a case to us, via our Introducer Portal.

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About Pension Works

Our team of pension transfer specialists are fully authorised and directly regulated by the Financial Conduct Authority. Using industry-leading systems we provide high-quality, compliant pension advice to clients throughout the UK.

With ISO9001 accreditation and the Pension Transfer Gold Standard, we consistently strive to provide exceptional levels of customer service and compliance. Every single file is compliance checked multiple times to ensure that we only ever provide advice that is in the client’s best interest.

Pension HealthCheck

Our free HealthCheck is a telephone based advice service, which helps your clients make the most of their retirement. We will assess their pensions and provide recommendations to help them reach their goals.

Reduce ongoing costs

Consolidate plans

Improve performance

Our Fees

Our Pension HealthCheck is a free service.

Pension Works will only charge a client an implementation fee should a switch be recommended, and the client wishes to proceed.

Fund Value	Fee
First £50,000	3%
All Remaining	1.5%
Minimum Fee	£995
Maximum Fee	£4,950

Transfer Value	Example Fee	Example Pay Away (25%)
£25,000	£995	£248
£50,000	£1,500	£375
£100,000	£2,250	£562
£300,000	£4,950	£1,237

Client Journey

Initial Engagement

At the start of the process we take the time to explain everything to the client, as well as issuing our Terms of Business, which includes an overview of our charges. We also ask the client to digitally sign our Letter of Authority.

Information Gathering

We will contact the pension providers to gather all relevant scheme information. We will also ask the client to complete our online fact find and attitude to risk forms.

Fact Find Meeting

We will book a telephone call with one of our Client Consultants, who will then assess the client’s retirement aims and objectives.

Advice Stage

After thorough analysis of all available options in the marketplace, a free advice report will then be produced determining the most appropriate outcome. Our advice will either be to move the pension(s) if we feel there is a more suitable plan, or to retain the pension if we believe it meets their requirements.

Implementation

Should a switch be recommended and the client wishes to proceed, we will seek instructions during the advice call to implement these changes.

Ongoing Advice

Pension Works will provide ongoing advice to the client.

Ongoing Service

When you refer a Defined Contribution client to us, we will keep them for ongoing advice.

We appreciate that some clients require more support than others or equally want greater insight into their plans, that is why we offer two different types of service to meet those needs.

These are called Essential and Premier which are very competitively priced for what they offer. Details of these can be seen on the table opposite.

Level	Essential	Premier
Minimum Pension Value	£15,000	£75,000
Cost	0.50% (£249 minimum p/a)	0.75% (£749 minimum p/a)
Type of Pension Client	Growing your pension	Growing your pension	In Retirement

Growing your pension – For clients in accumulation who aren’t accessing their pension.

In retirement – For clients in decumulation who are accessing their pension.

Both service types will give clients access to:

Annual Review report

Annual valuation

Portfolio performance review

Pension savings forecast

Portfolio suitability assessment

The premier service gives you access to ad-hoc adviser support throughout the year.

What our customers say

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Alternatively, you can call us on 0800 756 1288 (Option 2) or email services@pensionworks.co.uk.